Introduction:At the beginning of 2025, some Luckin Coffee stores quietly adjusted their beverage prices, with popular items such as the Coconut Latte seeing price hikes, and the usage threshold for vouchers also increasing, drawing attention from consumers. Which regions have seen price increases? How much of the 9.9 yuan discount is still available? This article delves into the reasons behind this round of price fluctuations, including factors such as materials, transportation, and commercial district influences, and provides consumer advice to help you grasp future trends in affordable coffee.
Shortly after entering 2025, many consumers were surprised to find that familiar prices had changed when opening the Luckin Coffee mini-program. Especially for popular items like the Coconut Latte, the listed price at some non-mall stores has been raised from 29 yuan to 32 yuan. Previously, higher pricing was only seen at large mall locations, but now several regular commercial district stores nearby have also uniformly adjusted their prices to 32 yuan. Although the increase is not significant, it has broken the previous impression of uniform pricing.
This round of adjustments not only affects the listed prices but also the actual amount paid after using discount vouchers. Some consumers noted that in the past, a 29 yuan voucher could be used to directly purchase a Coconut Latte, but now, even with discount vouchers, some beverages still require a price difference. For example, older flavors may require an additional 3 yuan, while newer flavors may even require an extra 6 yuan, resulting in a noticeable reduction in the original discount. Additionally, group-buying voucher redemption options have also changed. Netizens have reported that previously hoarded long-term discount vouchers can now only be used for less popular drinks such as concentrated Americanos, with both quality and choices significantly reduced compared to before.

It is worth noting that this price increase is not a nationwide adjustment but is concentrated in certain regions. According to feedback from netizens across various areas, most cities still maintain the original prices, and consumers can still enjoy affordable 9.9 yuan coffee. However, more and more users have observed that since last year, the applicability of the 9.9 yuan discount vouchers has gradually narrowed—not only has the range of applicable beverages decreased, but the frequency of issuance has also significantly dropped. Some users have even said bluntly, "There are fewer and fewer 9.9 yuan options available."
In response to this round of price adjustments, Luckin Coffee’s official statement pointed out that the main reasons are the combined impact of material costs, transportation fees, and the operational environments of different commercial districts. As a result, prices vary slightly among stores, and the actual selling prices are subject to what is displayed on the store menus. Stores in regions such as Sichuan and Zhejiang have confirmed that starting from January 1, 2025, beverage prices at some commercial district stores have been uniformly raised by 3 yuan. Even after considering an 80% discount voucher, the actual amount paid per cup still increases by about 1.2 yuan. Stores in Shanghai, Guangdong, and other regions stated that they have not yet received any related price adjustment notices, indicating that the implementation of policies varies by location.
Industry experts analyze that this price adjustment at some Luckin stores may reflect gradually rising cost pressures, especially fluctuations in the prices of raw materials such as coffee beans and milk, coupled with post-holiday adjustments in logistics and labor costs, all of which may be underlying reasons for the price increases. In addition, differences in rent and operational costs across various commercial districts have also prompted some stores to fine-tune their pricing strategies to maintain profitability and service quality.
For consumers, if you wish to continue enjoying high-value-for-money coffee, it is recommended to pay more attention to the promotional information on the official app or mini-program, prioritize stores that still offer the 9.9 yuan discount, or take advantage of limited-time events and point rewards. It is also advisable to top up or purchase group-buying vouchers early to avoid potential future price hikes. Additionally, if you frequently purchase specific beverages, consider comparing the actual prices and promotional combinations at different stores to find the most cost-effective purchasing option.
In summary, although 9.9 yuan coffee has not yet disappeared entirely, with price adjustments in some regions and the contraction of discounts, the “golden age” of affordable coffee may be gradually shifting. Consumers should adopt flexible strategies and make full use of various promotional channels to continue enjoying high-quality yet economical coffee experiences in the future.
The above content is compiled by CoffeeHunters, a coffee news website.